ISLAMABAD, July 28: Chairman NAB, Qamar Zaman Chaudhry has said that corruption is the mother of all evils which undermines development and also deprives people from their due rights. Considering these facts, National Accountability Bureau (NAB) was established as Pakistan’s apex anti-corruption organization which is assigned with the responsibility of elimination of corruption through a holistic approach of awareness, prevention and enforcement.
He said this while chairing a meeting to review performance of Awareness and Prevention Division of NAB at NAB Headquarter.
He said NAB had chalked out a comprehensive National Anti-Corruption Strategy and adopted Zero Tolerance Policy to curb corruption and corrupt practices from the country. He said that NAB during the last 16 years has received about 309,000 complaints from individuals and private / public organizations. During this period NAB completed about 6,300 inquiries, out of which 56 percent of these inquiries matured into formal investigation and more than 80 percent investigations were taken into the stage of prosecution in the courts of law. Out of 1,762 decided cases, we achieved conviction in 889 cases, which is a conviction rate of about 51 percent which speaks for itself. NAB’s prime focus is on cases of cheating public at large by fraudulent financial companies, bank frauds, willful bank loan defaults, misuse of authority and embezzlement of state funds by Government servants etc. Since NAB’s inception, one of NAB’s major achievements has been the recovery of around Rs. 276 billion of ill-gotten money which was deposited in the national exchequer which is a remarkable achievement of NAB.-PR
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